NewNet Communication agrees to take it under it’s wings.
As Nokia looks for more ways to bring the company’s stubborn bottom line in order, Engadget is reporting that the company is looking to rid itself of it’s WiMax Division. This wont be the first time they look to shed unwanted weight as just last month Nokia Siemens announced a staggering 17,000 workers would be laid off as part of global restructuring.
NewNet Communication Technologies is said to be the company willing to take the dead-weight WiMax technologies off Nokia’s hands for an undisclosed sum. 300 NSN employees are also said to be bundled in the deal.